Ministry of Education - Summary

The Expenditure Estimates are available in PDF and HTML versions. The PDF version is a format reflecting the true printed version. The HTML version is an accessible format.

MINISTRY OF EDUCATION

The Ministry of Education is committed to providing Ontario students with an excellent and accountable elementary/secondary
education, so their futures and that of the Province will be characterized by continued prosperity, stability and growth.

NOTE: Commencing in 2003-04, Estimates are presented on the accrual basis of accounting. Information for 2002-03 and earlier
years is presented on the modified cash basis, and therefore comparison between 2003-04 and earlier year figures may not be
meaningful. Differences between cash and accrual relate to adjustments such as timing of transfer payments and provisions for bad
debts, that would increase or decrease the 2002-03 amounts had they been presented on the accrual basis.

Adjustments for this Ministry, if any, are indicated by superscripted references above and are explained on the page following the
Ministry Summary - Reconciliation of 2002-03 Estimates from Cash to Accrual.

MINISTRY OF EDUCATION - RECONCILIATION OF 2002-03 ESTIMATES FROM CASH TO ACCRUAL

Note: Amounts are rounded to the nearest one hundred thousand dollars and amounts less than fifty thousand dollars are shown as zero. Totals may not add due to this rounding.

Adjustments from Cash to Accrual - Commencing in 2003-04, Estimates are prepared on the accrual basis of accounting.
Information for 2002-03 and earlier years was prepared in the Estimates on the modified-cash basis. Information is provided in the following
notes on the adjustments that increase or decrease the 2002-03 amounts to present them on the accrual basis in this reconciliation. The
accrual presentation of the 2002-03 Estimates is not an official restatement; it is an approximation reflecting only the significant accrual
adjustments as required to allow for a comparison between the 2003-04 and the 2002-03 Estimates on a consistent basis of accounting. (Note: adjustments of less than $0.05 million are not shown )

adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost
to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board
Secretariat

adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost
to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board
Secretariat

(48.8)

transfer payment adjustments for differences between when funds are flowed to transfer payment recipients (cash
basis) and when the recipients fulfill their obligations under the transfer payment program (accrual basis)

0.1

adjustment for differences between when payments are made to suppliers (cash basis) and when the goods and
services are received (accrual basis)

adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost
to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board
Secretariat

NOTE: Commencing in 2003-04, Estimates are presented on the accrual basis of accounting. Information for 2002-03 and earlier
years is presented on the modified cash basis, and therefore comparison between 2003-04 and earlier year figures may not be
meaningful. Differences between cash and accrual relate to adjustments such as timing of transfer payments and provisions for bad
debts, that would increase or decrease the 2002-03 amounts had they been presented on the accrual basis.

Adjustments for this Ministry, if any, are indicated by superscripted references above and are explained on the page following the
Ministry Summary - Reconciliation of 2002-03 Estimates from Cash to Accrual.

Note: Amounts are rounded to the nearest one hundred thousand dollars and amounts less than fifty thousand dollars are shown as zero. Totals may not add due to this rounding.

Adjustments from Cash to Accrual - Commencing in 2003-04, Estimates are prepared on the accrual basis of accounting.
Information for 2002-03 and earlier years was prepared in the Estimates on the modified-cash basis. Information is provided in the following
notes on the adjustments that increase or decrease the 2002-03 amounts to present them on the accrual basis in this reconciliation. The
accrual presentation of the 2002-03 Estimates is not an official restatement; it is an approximation reflecting only the significant accrual
adjustments as required to allow for a comparison between the 2003-04 and the 2002-03 Estimates on a consistent basis of accounting. (Note: adjustments of less than $0.05 million are not shown )